Which of the following is one of the methods by which entrepreneurial firms internationalize by entering foreign markets?

Question

Quizplus · Accepted Answer

Franchising is a method by which entrepreneurial firms can internationalize by entering foreign markets. In this method, the firm grants a license to the franchisee in the foreign market to use its products, brand name, and trademarks in exchange for a fee. This allows the entrepreneurial firm to expand its reach and market share without incurring the costs of setting up a new business in a foreign country. Indirect exports involve selling products through intermediaries, such as export agents or trading companies, and microfinancing involves providing small loans to entrepreneurs in developing countries. Harvest and exit is a strategy that involves selling off a company or its assets once it has reached maturity.

Which of the Following Is One of the Methods by Which